Extraordinary General Meeting of Kerala Ayurveda Limited to be convened on 14 March 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kerala Ayurveda Limited has called an Extraordinary General Meeting on 14 March 2026 (11:00 AM, via video conferencing) to seek shareholder approval on three special resolutions. Item 1 is the issuance of 6,30,000 equity shares at Rs. 327.99 each (total ~Rs. 20.66 crore) to promoter group entity Katra Holding Private Limited on a preferential basis, by partially adjusting an existing unsecured loan of Rs. 42.23 crore owed to Katra Holding. Item 2 is the issuance of 3,04,887 equity shares at the same Rs. 327.99 price (~Rs. 10 crore) to the two individual shareholders of subsidiary Ayurvedagram Heritage Wellness Centre as a share swap, to acquire the remaining 26% stake in Ayurvedagram. Item 3 proposes amending the ESOP 2023 to allow option grants exceeding 1% of issued capital to any eligible employee, subject to separate shareholder approval. E-voting runs from 11 March to 13 March 2026, with cut-off date of 7 March 2026.
Existing shareholders will see moderate dilution from ~9.35 lakh new shares, but the Katra Holding allotment is debt-to-equity conversion rather than fresh cash outflow, which reduces the company's loan burden. The Ayurvedagram acquisition consolidates full ownership of the subsidiary, while the ESOP amendment gives the board more flexibility to grant larger stock options to key employees.